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Updated about 1 month ago on . Most recent reply

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Jeff G.
  • Investor
  • Wethersfield, CT
189
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367
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What are some warning signs that an area is slipping from C class to D class?

Jeff G.
  • Investor
  • Wethersfield, CT
Posted
I invest out of state in C-class neighborhoods in the Midwest. One of my units MAY be in an area that is going down hill, but I could absolutely be wrong. From several states away, how can I be sure? I'd hate for a temporary dip in the quality of the tenant pool to be giving my landlord "spidey sense" false alarms on account of taking an extra month or two to fill a unit. I'm happy to rent in a C-class area, even though it can take some work to stabilize a property. I don't really want to invest in a D-class area.

Tangentially, what are some of your "it's time to sell this property" red lines when it comes to the changing economic conditions of an area?
  • Jeff G.
  • Most Popular Reply

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    Matthew Paul#2 Contractors Contributor
    • Severna Park, MD
    7,401
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    Matthew Paul#2 Contractors Contributor
    • Severna Park, MD
    Replied

    Gunshots , dealers on the corner , break ins , trash and junk piling up , hookers , gang signs , just the normal stuff 

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